April 2016

It seems that prices are still continuing to rise in the residential housing market here. As we begin to come upon the "busy season" of sales, there are some interesting trends to note as we compare last years statistics to this years.

The median home price for single family homes has risen again to $725,000 from last years $700,000. That's a 3.6% rise. Last year at this time the median home price had risen 7.2% from the previous year....could we finally be slowing down? The end of the year statistics will show us a better picture, so stay tuned for that in the months to come.

The median home price for condo/townhome's also rose to $385,000 from $380,000, respectively. That's only a 1.3% increase from last year, compared to the rise of